MSTR | Back to 120s / Double Digits | Fractal

Price action blew off to a high around $540 and since then closed back under the historical close.

The goal here is to see price action consolidate under resistance in the preparation for a major sell-off

To invalidate all of this I would like to see more of an accumulation pattern back above major resistance, but if we see an increase in aggressive selling then price will be hunting for at least $120.


Price action also looked a bit familiar to the 2021 sell-off with the same blow-off-top and a ABC pattern breakdown

After the C sell-off price retraced back to B and then finally flushed out back to major support

Current price action has pretty much done the first phase and we should expect some consolidation before the next big move.